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Global Markets: OPEC to finalize oil deal

By Commodity News Service Canada

WINNIPEG, December 2 – The following is a glance at the news moving markets globally.

– OPEC has scheduled a meeting with non-OPEC members to put the finishing touches on a deal to limit the global supply of crude oil. Earlier this week OPEC agreed to slash output by 1.2 million barrels a day. Since the announcement, crude oil prices have rallied significantly.

– Russia claims it has uncovered plans for a cyber-attack on banks in several Russian cities. The central bank says it has taken steps to protect the country’s money supply.

– The US economy added 178,000 jobs in November as the unemployment rate fell to its lowest point since August of 2007. According to the Labor Department, the rate fell to 4.6 percent from 4.9 percent in October.

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